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Add this to the data agenda today - PBOC MLF announcement

Coming up today is the monthly PBOC Medium-term Lending Facility (MLF). The MLF rate is currently 2.75%. expectations for a cut to the rate are very low, but not zero. A cut is a low but non-negligible chance.100 billion yuan ($14.5 billion) worth of MLF loans are maturing and will be rolled over.Polling I have seen shows 26 of 30 analysts expect the interest rate on the one-year medium-term lending facility (MLF) to remain unchanged.3 forecast a 5-basis-point interest rate cut1 forecast a 10... Read More

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Posted: May 14 2023, 23:35

Author Name: forexlive

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